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Wage Differentials In The Presence Of Unobserved Worker Firm And Match Heterogeneity
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Book Synopsis Wage Differentials in the Presence of Unobserved Worker, Firm, and Match Heterogeneity by : Simon D. Woodcock
Download or read book Wage Differentials in the Presence of Unobserved Worker, Firm, and Match Heterogeneity written by Simon D. Woodcock and published by . This book was released on 2007 with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt: We consider the problem of estimating and decomposing wage differentials in the presence of unobserved worker, firm, and match heterogeneity. Controlling for these unobservables corrects omitted variable bias in previous studies. It also allows us to measure the contribution of unmeasured characteristics of workers, firms, and worker-firm matches to observed wage differentials. An application to linked employer-employee data shows that decompositions of inter-industry earnings differentials and the male-female differential are misleading when unobserved heterogeneity is ignored.
Book Synopsis Unobserved Worker Quality and Inter-industry Wage Differentials by : Suqin Ge
Download or read book Unobserved Worker Quality and Inter-industry Wage Differentials written by Suqin Ge and published by . This book was released on 2020 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: This study quantitatively assesses two alternative explanations for inter-industry wage differentials: worker heterogeneity in the formof unobserved quality and firmheterogeneity in the form of a firm's willingness to pay (WTP) for workers' productive attributes. We develop an empirical hedonic model of labor demand and apply a two-stage nonparametric procedure to recover worker and firm heterogeneities. In the first stage we recover unmeasured worker quality by estimating market-specific hedonic wage functions nonparametrically. In the second stage we infer each firm's WTP parameters for worker attributes by using first-order conditions from the demand model. We apply our approach to quantify inter-industry wage differentials on the basis of individual data from the NLSY79 and find that worker quality accounts for approximately two thirds of the inter-industry wage differentials.
Book Synopsis Wage Determination and Firm Performance in the Presence of Individual and Firm Heterogeneity by : Hampton Sequoia Carlos Finer
Download or read book Wage Determination and Firm Performance in the Presence of Individual and Firm Heterogeneity written by Hampton Sequoia Carlos Finer and published by . This book was released on 1998 with total page 338 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Industry Wage Differentials, Unobserved Ability, and Rent-Sharing by : Robert Plasman
Download or read book Industry Wage Differentials, Unobserved Ability, and Rent-Sharing written by Robert Plasman and published by . This book was released on 2006 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Wage Differentials: An International Comparison by : Toshiaki Tachibanaki
Download or read book Wage Differentials: An International Comparison written by Toshiaki Tachibanaki and published by Springer. This book was released on 2016-07-27 with total page 385 pages. Available in PDF, EPUB and Kindle. Book excerpt: Wages are a vital economic variable in their influence on employment and unemployment and as the main source of personal income, affecting both living standards and labour incentives. Wage determination is studied here in an international perspective, using a common theoretical framework and statistical method through the individual country chapters to reveal similarities and differences between Japan, South Korea, the United States, Canada, Australia, the United Kingdom, Germany and France.
Book Synopsis Industry Wage Differentials by : David Card
Download or read book Industry Wage Differentials written by David Card and published by . This book was released on 2023 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We revisit the estimation of industry wage differentials using linked employer-employee data from the U.S. LEHD program. Building on recent advances in the measurement of employer wage premiums, we define the industry wage effect as the employment-weighted average workplace premium in that industry. We show that cross-sectional estimates of industry differentials overstate the pay premiums due to unmeasured worker heterogeneity. Conversely, estimates based on industry movers understate the true premiums, due to unmeasured heterogeneity in pay premiums within industries. Industry movers who switch to higher-premium industries tend to leave firms in the origin sector that pay above-average premiums and move to firms in the destination sector with below-average premiums (and vice versa), attenuating the measured industry effects. Our preferred estimates reveal substantial heterogeneity in narrowly-defined industry premiums, with a standard deviation of 12%. On average, workers in higher-paying industries have higher observed and unobserved skills, widening between-industry wage inequality. There are also small but systematic differences in industry premiums across cities, with a wider distribution of pay premiums and more worker sorting in cities with more high-premium firms and high-skilled workers.
Book Synopsis Industry Wage Differentials, Unobserved Ability, and Rent-sharing by : Robert Plasman
Download or read book Industry Wage Differentials, Unobserved Ability, and Rent-sharing written by Robert Plasman and published by . This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Inter-Industry Wage Differentials in Greece by : Evangelia Papapetrou
Download or read book Inter-Industry Wage Differentials in Greece written by Evangelia Papapetrou and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the structure and determinants of inter-industry wage differentials in Greece, along with the role of the rent-sharing and unobserved heterogeneity hypotheses, employing restricted least squares and quantile regression techniques with cluster robust standard errors at the firm level. To this end, a unique dataset, the European Union Structure of Earnings Survey (SES), is utilized. Data refer to 2010 when the first elements of the economic adjustment programme to deal with the chronic deficiencies of the Greek economy and restore sustainable public finances, competitiveness and set the foundation for long-term growth were beginning to be implemented. Results point to high wage dispersion across industries at the mean of the conditional wage distribution, even after controlling for personal and workplace characteristics. However, evidence for the unobserved heterogeneity hypothesis is rather scant. Therefore, there is room for efficiency wage or rent-sharing theories in accounting for a large part of inter-industry wage differentials tentatively implying that firm heterogeneity in the ability-to-pay matters more than employee unobservable attributes in the wage determination process.
Book Synopsis The Sources of Wage Variation by : Sónia Manuela Torres
Download or read book The Sources of Wage Variation written by Sónia Manuela Torres and published by . This book was released on 2013 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper estimates a wage equation with three high-dimensional fixed effects, using a longitudinal matched employer-employee dataset covering virtually all Portuguese wage earners over a little more than two decades. The variation in log real hourly wages is decomposed into different components related to worker, firm, and job title characteristics (both observed and unobserved) and a residual component.It is found that worker permanent heterogeneity is the most important source of wage variation (36.0 percent) and that the unobserved component plays a more important role (21.0 percent) than the observed component (15.0 percent) in explaining wage differentials. Firm permanent effects are less important overall (28.7 percent) and are due in almost equal parts to the unobserved component and the observed component. Job title effects emerge as the least important dimension but they still explain close to 10 percent of wage variation. We found definitive evidence of positive assortative matching.
Book Synopsis A Theory of Inter-industry Wage Differentials by : Julio Rotemberg
Download or read book A Theory of Inter-industry Wage Differentials written by Julio Rotemberg and published by . This book was released on 1986 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Unobserved Ability, Efficiency Wages, and Interindustry Wage Differentials by : McKinley L. Blackburn
Download or read book Unobserved Ability, Efficiency Wages, and Interindustry Wage Differentials written by McKinley L. Blackburn and published by . This book was released on 1991 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: Interindustry wage differentials in wage regressions estimated for individuals have been interpreted as evidence consistent with efficiency wage models. A principal competing explanation is that these differentials are generated by differences across workers in unobserved ability. This paper tests the unobserved ability hypothesis .by incorporating test scores into standard wage regressions as error-ridden indicators of unobserved ability. The results indicate that differences in unobserved ability explain relatively little of interindustry or interoccupation wage differentials.
Book Synopsis The Oxford Handbook of Economic Inequality by : Wiemer Salverda
Download or read book The Oxford Handbook of Economic Inequality written by Wiemer Salverda and published by OUP Oxford. This book was released on 2009-02-20 with total page 768 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Oxford Handbook of Economic Inequality presents a new and challenging analysis of economic inequality, focusing primarily on economic inequality in highly developed countries. Bringing together the world's top scholars this comprehensive and authoritative volume contains an impressive array of original research on topics ranging from gender to happiness, from poverty to top incomes, and from employers to the welfare state. The authors give their view on the state-of-the-art of scientific research in their fields of expertise and add their own stimulating visions on future research. Ideal as an overview of the latest, cutting-edge research on economic inequality, this is a must have reference for students and researchers alike.
Book Synopsis Sources of the Union Wage Gap by : John T. Addison
Download or read book Sources of the Union Wage Gap written by John T. Addison and published by . This book was released on 2017 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: We estimate the impact of union density on wages using Portuguese matched employer-employee-contract data, extending Gelbach's (2016) omitted variable bias decomposition procedure to obtain the contribution of worker, firm, and job-title heterogeneity to the union wage premium. The principal result is the dominance of the firm fixed effect: the allocation of workers among firms with different wage policies. For their part, the unobserved skills of union workers have only a modest impact on wages. In turn, job titles reflect the average contract in the collective agreement, while the wage cushion offers firms a margin of flexibility, partially undoing increases in the bargained wage. Finally, there is little to suggest that the union wage gap is influenced by improved match quality.
Book Synopsis A Theory of Inter-Industry Wage Differentials (Classic Reprint) by : Julio Rotemberg
Download or read book A Theory of Inter-Industry Wage Differentials (Classic Reprint) written by Julio Rotemberg and published by . This book was released on 2015-07-03 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Excerpt from A Theory of Inter-Industry Wage Differentials The purpose of this paper is to present a mode which broadly fits some of the salient features of inter-industry wage differentials. Several recent empirical papers have found wage differences across industries to be large and persistent. They also show high concordance across occupations and countries. High wages appear to be paid in industries that have high capital/labor ratios and are highly profitable. Our model explains these facts on the basis of firm-specific human capital accumulation by individual workers. We focus on the bargaining between experienced workers and the firm over the division of the surplus output an experienced worker produces over that produced by inexperienced workers. We show that this surplus, and therefore equilibrium wages of trained workers, depends on the capital/labor ratio when the technology has putty-clay features. We also show that when there is multilateral bargaining between all firms and experienced workers, wages also depend on the profitability of the firm. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
Book Synopsis The Econometric Analysis of Network Data by : Bryan Graham
Download or read book The Econometric Analysis of Network Data written by Bryan Graham and published by Academic Press. This book was released on 2020-05-15 with total page 246 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Econometric Analysis of Network Data serves as an entry point for advanced students, researchers, and data scientists seeking to perform effective analyses of networks, especially inference problems. It introduces the key results and ideas in an accessible, yet rigorous way. While a multi-contributor reference, the work is tightly focused and disciplined, providing latitude for varied specialties in one authorial voice. Answers both ‘why’ and ‘how’ questions in network analysis, bridging the gap between practice and theory allowing for the easier entry of novices into complex technical literature and computation Fully describes multiple worked examples from the literature and beyond, allowing empirical researchers and data scientists to quickly access the ‘state of the art’ versioned for their domain environment, saving them time and money Disciplined structure provides latitude for multiple sources of expertise while retaining an integrated and pedagogically focused authorial voice, ensuring smooth transition and easy progression for readers Fully supported by companion site code repository 40+ diagrams of ‘networks in the wild’ help visually summarize key points
Download or read book Skill Or Luck? written by Åsa Rosén and published by . This book was released on 1993 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Handbook of Labor Economics by : Orley Ashenfelter
Download or read book Handbook of Labor Economics written by Orley Ashenfelter and published by Elsevier. This book was released on 2010-12-09 with total page 863 pages. Available in PDF, EPUB and Kindle. Book excerpt: A guide to the continually evolving field of labour economics.
